Arbitrum Correlations
ARB Crypto | USD 1.00 0.01 0.99% |
The correlation of Arbitrum is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Arbitrum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Arbitrum moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Arbitrum. Also, note that the market value of any cryptocurrency could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Arbitrum |
The ability to find closely correlated positions to Arbitrum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Arbitrum when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Arbitrum - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Arbitrum to buy it.
Moving together with Arbitrum Crypto Coin
+ | 0.94 | XRP | XRP | PairCorr | ||
+ | 0.84 | SOL | Solana | PairCorr | ||
+ | 0.9 | STETH | Staked Ether | PairCorr | ||
+ | 0.87 | LINK | Chainlink | PairCorr | ||
+ | 0.78 | TRX | TRON | PairCorr | ||
+ | 0.72 | AVAX | Avalanche | PairCorr | ||
+ | 0.92 | MATIC | Polygon | PairCorr | ||
+ | 0.92 | APT | Aptos | PairCorr | ||
+ | 0.92 | DOT | Polkadot | PairCorr | ||
+ | 0.85 | OP | Optimism | PairCorr | ||
+ | 0.84 | WBTC | Wrapped Bitcoin | PairCorr | ||
+ | 0.83 | SUI | Sui | PairCorr | ||
+ | 0.75 | UNI | Uniswap Protocol Token | PairCorr | ||
+ | 0.8 | LEO | LEO Token | PairCorr | ||
+ | 0.89 | ATOM | Cosmos | PairCorr | ||
+ | 0.68 | MANTLE | Mantle | PairCorr |
Related Correlations Analysis
XRP | SOL | STETH | LINK | TRX | AVAX | MATIC | APT | DOT | OP | ||
XRP | 0.89 | 0.91 | 0.93 | 0.87 | 0.73 | 0.92 | 0.93 | 0.89 | 0.83 | XRP | |
SOL | 0.89 | 0.95 | 0.96 | 0.9 | 0.94 | 0.95 | 0.91 | 0.92 | 0.92 | SOL | |
STETH | 0.91 | 0.95 | 0.95 | 0.87 | 0.88 | 0.94 | 0.94 | 0.95 | 0.95 | STETH | |
LINK | 0.93 | 0.96 | 0.95 | 0.94 | 0.85 | 0.94 | 0.95 | 0.89 | 0.88 | LINK | |
TRX | 0.87 | 0.9 | 0.87 | 0.94 | 0.74 | 0.84 | 0.85 | 0.77 | 0.76 | TRX | |
AVAX | 0.73 | 0.94 | 0.88 | 0.85 | 0.74 | 0.87 | 0.8 | 0.9 | 0.92 | AVAX | |
MATIC | 0.92 | 0.95 | 0.94 | 0.94 | 0.84 | 0.87 | 0.93 | 0.95 | 0.94 | MATIC | |
APT | 0.93 | 0.91 | 0.94 | 0.95 | 0.85 | 0.8 | 0.93 | 0.92 | 0.87 | APT | |
DOT | 0.89 | 0.92 | 0.95 | 0.89 | 0.77 | 0.9 | 0.95 | 0.92 | 0.96 | DOT | |
OP | 0.83 | 0.92 | 0.95 | 0.88 | 0.76 | 0.92 | 0.94 | 0.87 | 0.96 | OP | |
XRP | SOL | STETH | LINK | TRX | AVAX | MATIC | APT | DOT | OP |
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Arbitrum Crypto Coin performing well and Arbitrum cryptocurrency doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Arbitrum's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Information Ratio | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|---|
XRP | 2.03 | 0.31 | 0.10 | (0.36) | 1.86 | 0.1 | (3.67) | 6.12 | (4.00) | 17.44 | |
SOL | 4.14 | 1.84 | 0.43 | (0.90) | 3.09 | 0.30 | (4.99) | 11.46 | (5.15) | 36.99 | |
STETH | 1.79 | 0.35 | 0.18 | (0.36) | 1.62 | 0.12 | (2.10) | 6.47 | (3.36) | 17.15 | |
LINK | 3.54 | 1.50 | 0.31 | (0.66) | 3.60 | 0.28 | (4.09) | 13.48 | (5.41) | 32.85 | |
TRX | 1.58 | 0.43 | 0.13 | (1.00) | 2.38 | 0.15 | (1.88) | 3.84 | (2.04) | 20.31 | |
AVAX | 3.11 | 1.25 | 0.31 | (1.59) | 2.94 | 0.26 | (3.51) | 9.30 | (4.07) | 34.91 | |
MATIC | 2.90 | 0.57 | 0.12 | (0.75) | 3.13 | 0.14 | (4.25) | 7.59 | (5.56) | 27.05 | |
APT | 2.61 | 0.44 | 0.12 | (0.32) | 3.12 | 0.11 | (2.67) | 8.01 | (6.05) | 20.86 | |
DOT | 2.09 | 0.32 | 0.11 | (0.31) | 2.44 | 0.11 | (2.40) | 6.38 | (5.90) | 15.29 | |
OP | 2.68 | 0.36 | 0.11 | (0.51) | 2.92 | 0.09 | (3.31) | 5.98 | (5.04) | 23.00 |
Be your own crypto manager
Our tools can tell you how much better you can do entering a position in Arbitrum without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.Did you try this?
Run Theme Ratings Now
Theme RatingsDetermine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance |
All Next | Launch Module |
How to invest in Arbitrum
You need to understand the risk of getting into digital currencies such as ARB before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in Arbitrum in four ways:Buy ARB through an exchange
Get yourself a crypto wallet before embarking on your Arbitrum journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase Arbitrum. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.Purchase fractions of Arbitrum through an exchange
You don't have to buy a full token when starting out since ARB is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.Trade Arbitrum through a broker
If you don't want to store your Arbitrum Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.Invest in ARB through an exchange-traded fund (ETF)
You can also invest in ARB through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.Investing Ideas
In addition to having Arbitrum in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Thematic Opportunities
Explore Investment Opportunities
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Arbitrum. Also, note that the market value of any cryptocurrency could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Note that the Arbitrum information on this page should be used as a complementary analysis to other Arbitrum's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for Arbitrum Crypto Coin analysis
When running Arbitrum's price analysis, check to measure Arbitrum's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy Arbitrum is operating at the current time. Most of Arbitrum's value examination focuses on studying past and present price actions to predict the probability of Arbitrum's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move Arbitrum's coin price. Additionally, you may evaluate how adding Arbitrum to your portfolios can decrease your overall portfolio volatility.
Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
Money Managers Screen money managers from public funds and ETFs managed around the world | |
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
Money Managers Screen money managers from public funds and ETFs managed around the world | |
Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges |